The following selected transactions relate to liabilities of Rocky Mountain Adventures. Rocky Mountain's fiscal year ends on December January 13 Negotiate a revolving credit agreement with First Bank that can be renewed annually upon bank approval. The amount available under the line of credit is $10 million at the banks prime rate. February 1 Arrange a three-month bank loan of $4.0 million with First Bank under the line of credit agreement Interest at the prime rate of 7% is payable at maturity May 1 Pay the 7% note at maturity Required: Record the appropriate entries, if any, on January 13 February 1, and May 1 (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in dollars, not in millions (ie. 5 should be entered as 5,000,000).) View transaction list Journal entry worksheet 1 2 3 Record the receipt of revolving credit. Note: Enter debits before credits General Journal Debit Credit January 13